Today's Chart of the Day is from the watchlist presented earlier this week. While some stocks from the watchlist have already made impressive move upwards, like CRIS and DAR, have already made impressive move upwards, some are still setting up. Amongst those stocks which are still setting up, one of my favorites is CVG. Have a look!
Been consolidating for weeks now and looks ripe to break out of its trading range. One might have to wait patiently for it to break out but when it finally does, it promises to be an explosive move going by the past history of the stock.
Take care and good luck!